Director/PDMR Shareholding

RNS Number : 5910U
Future PLC
25 November 2019
 

The attached individual notifications made under article 19.1 of the Market Abuse Regulation ("MAR") relate to the issuance of awards under the terms of the Future plc Performance Share Plan ("PSP") and Deferred Annual Bonus Plan ("DABS") to a person discharging managerial responsibilities ("PDMR"). This announcement is made in accordance with article 19.3 of MAR.

 

The PSP Award will vest three years from the date of grant, at no cost to the participant, in accordance with the rules of the PSP, provided that the participant remains in employment of the Group at the vesting date and subject to performance targets having been met. Vesting of the PSP Award is subject to both EPS and Absolute TSR performance conditions.  Further details of the targets will be published shortly in the 2019 Annual Report and Accounts. The number of shares shown below represents the potential maximum if all the performance conditions are achieved in full. Any awards vesting will be subject to a mandatory two-year holding period.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Zillah Byng-Thorne

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Future plc

b)

LEI

 

213800K2581YRLEXV353

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 15p each

 

GB00BYZN9041 

b)

Nature of the transaction

Grant of share awards under the PSP.  Subject to achievement of performance conditions, the award will vest on 24 November 2022.

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

67,185

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

67,185

 

Nil

e)

Date of the transaction

25 November 2019

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Penny Ladkin-Brand

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Future plc

b)

LEI

 

213800K2581YRLEXV353

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 15p each

 

GB00BYZN9041 

b)

Nature of the transaction

Grant of share awards under the PSP.  Subject to achievement of performance conditions, the award will vest on 24 November 2022.

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

41,337

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

41,337

 

Nil

e)

Date of the transaction

25 November 2019

f)

Place of the transaction

Outside a trading venue

 

 

The DABS Award represents the deferral of 50% of a PDMR's annual cash bonus into Future plc shares and will vest two years from the date of grant, at no cost to the participant, in accordance with the rules of the DABS. 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Zillah Byng-Thorne

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Future plc

b)

LEI

 

213800K2581YRLEXV353

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 15p each

 

GB00BYZN9041 

b)

Nature of the transaction

Grant of share awards under the DABS.  Subject to malus and clawback provisions, the award will vest on 24 November 2021.

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

25,194

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

25,194

 

Nil

e)

Date of the transaction

25 November 2019

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Penny Ladkin-Brand

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Future plc

b)

LEI

 

213800K2581YRLEXV353

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 15p each

 

GB00BYZN9041 

b)

Nature of the transaction

Grant of share awards under the DABS.  Subject to malus and clawback provisions, the award will vest on 24 November 2021.

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

12,155

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

12,155

 

Nil

e)

Date of the transaction

25 November 2019

f)

Place of the transaction

Outside a trading venue

 

 

Tim Maw

Company Secretary

(Responsible for releasing this announcement)

25 November 2019


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHBLBDBRDDBGCU

Companies

Future (FUTR)
UK 100

Latest directors dealings